Latest Aviation Headlines
All the headlines from our Aviation Topic Page, ordered by recency.
U.S. Extends Emergency Insurance for Airlines
Mar 14 2002 // With an expiration date of March 20 staring them in the face, the U.S. government is extending emergency insurance for airlines that was unveiled following the Sept. 11 attacks, according to Reuters. The six-month coverage...
AIG Wants End to FAA’s War-Risk Coverage for Airlines
Mar 11 2002 // Maurice Greenberg, chairman and CEO of American International Group Inc., has undertaken efforts to persuade the Federal Aviation Administration to stop providing war-risk insurance for ground damage to U.S. airlines,...
U.S. Airlines Plan to form Company to Insure against Terrorism
Mar 6 2002 // According to the Los Angeles Times, U.S. airlines are formulating a plan to have a company in place to insure themselves against terrorism and acts of war with premiums set around half the rate private insurers have...
AIG Asks FAA to End Provision of War-Risk Coverage to U.S. Airlines
Feb 27 2002 // AIG is putting pressure on the Federal Aviation Administration (FAA) to cease providing war-risk insurance to U.S. airlines with hopes of substituting FAA coverage with its own insurance program, as first reported in the...
U.S. Airlines Seek Liability Cover
Feb 25 2002 // U.S. airlines have gathered together to form their own insurance company in efforts to cover their extensive liability, according to Reuters. The U.S. government arranged to take on the responsibility of insuring the...
U.S. Airlines Seek Liability Coverage
Feb 13 2002 // U.S. airlines have gathered together to form their own insurance company in efforts to cover their extensive liability, according to Reuters. The U.S. government arranged to take on the responsibility of insuring the...
XL Takes Q4 Charges on Enron, Air Crash, Other Losses
Jan 29 2002 // XL Capital Ltd announced that its fourth quarter results will include charges for increased prior period casualty reinsurance loss reserves and several large loss events, mainly its exposure to Enron’s bankruptcy,...
Top Flight to Take Republic Casualty
Jan 28 2002 // Top Flight Insurance Co. of Norman, Okla., is slated to acquire the nonstandard auto book of business from Oklahoma City-based Republic Casualty Insurance Co., which has been in receivership since Dec. 2000. According to...
U.K. Gov’t. Extends Airline Coverage
Jan 22 2002 // After a series of meetings with airlines and the insurance industry, Britain’s Treasury Department has agreed to extend the emergency insurance program for the country’s air carriers and service providers until...
ACE USA Business Aviation to Join with U.S. Aircraft Insurance Group
Jan 4 2002 // ACE USA announced that it has become a member company of the USAIG aviation pool. Under the agreement, future ACE USA Business Aviation accounts for corporate aviation, non-critical products, pleasure and business aircraft...
Teamsters Sue Sun Country for Not Continuing Insurance
Jan 1 2002 // The Teamsters Union has filed a federal lawsuit against Sun Country Airlines for not continuing insurance coverage for furloughed workers. According to the Pioneer Press of St. Paul, Minn., the union, representing 340...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Experts Differ on Loss Figures for Queens Air Tragedy
Dec 3 2001 // The crash on Nov. 12 of American Airlines (AA) Flight 587, an Airbus A-300-600, with the loss of all 260 people on board and 5 on the ground, shocked New Yorkers and the rest of the nation. Coming almost two months to the...
American Airlines Crash Another Blow to Insurers
Nov 14 2001 // Insurance companies reportedly face $200 million in claims from the New York City plane crash on Nov. 12, an unwelcome blow for insurers still struggling with major losses from the Sept. 11 attacks. According to Reuters...
NYC Plane Crash Tragedy Preliminary Loss Estimates $600 to $800 Million
Nov 13 2001 // Yesterday’s crash of an American Airlines A-300-600 into a residential neighborhood in Queens is likely to result in claims totaling between $600 and $800 million according to preliminary estimates. While it’s...
S&P: Company Ratings Could Suffer in Federal-State Squeeze on Terrorism Risk
Nov 13 2001 // Commercial insurers face a potentially untenable situation if the federal government fails to pass legislation that would help cushion terrorism costs to the industry by the end of November, and if state insurance...
Arizona Airport Sees Possible Rate Increases
Nov 13 2001 // Unless the government intercedes, Tucson International Airport could face large increases in liability and property insurance rates because of the Sept. 11 attacks. The Associated Press reported the airport could see its...
Concorde Flies Again
Nov 8 2001 // 15 Months after a fiery crash in a Paris suburb brought its flights to an abrupt halt, Concorde, the world’s only supersonic commercial aircraft, took to the skies again on two celebrity flights from London’s...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
